New on KCEX: $MPWR.USDT stock perp, Monolithic Power Systems, a US power-chip maker, up to 25x

KCEX MPWR stock perp notes, official KCEX contract data around 11:43 AM ET Oct 27:

What it is: a USDT-margined perp tracking Monolithic Power Systems (NASDAQ: MPWR), a US maker of power-management semiconductors. It was created on KCEX at about 6:46 AM ET today. Max 25x, contract size 0.001 MPWR, and it follows US market hours.

Live stats: 24h range 1163.0 to 1202.0, last ~1198.5, about +2.2%. Funding shows 0 on the ticker. 24h turnover about 21.4K USDT, open interest about 4.0K contracts (roughly 4.8K USDT at this price).

Market structure (15m): the 9:30 candle spiked from 1168.1 to 1198.6, then price pulled back to a 1175.0 low at 10:00 and has climbed since. Lows since then: 1173.6, 1188.5, 1188.6, 1191.2, 1196.3, with the 11:15 candle printing the 1202.0 high. The 11:30 candle is a small step back to 1198.5 (low 1197.8). Early read on thin volume.

Bias: LONG. Setup: dips that hold 1191.2 (the 11:00 low), aiming for a retest of 1202. Invalidation: 15m close below 1188.5, which gives back the 10:30 base. Key levels: 1163.0 low, 1175.0 / 1188.5 base, 1191.2 support, 1198.6 spike high, 1202.0 high.

Risk: new contract, thin books, so one order can move it. Size small. Not financial advice.

Bias: LONG dips that hold 1191.2.